London, 1 September 2016 – Startupbootcamp IoT | Connected Devices, a dedicated accelerator for the development of connected devices, has been selected by Innovate UK, the UK’s innovation agency, to support the development of Internet of Things (IoT) solutions in the UK. The accelerator will receive a portion of almost £1million in DCMS investment allocated for this financial year as part of the government-funded IoTUK Programme, which supports UK IoT development.
The investment will help companies develop early IoT market advantage, and bridge the challenging gap between the development of a hardware prototype and commercial viability.
Matthew Hancock, Minister of State for Culture and the Digital Economy, said: “Government investment in the IoTUK programme is helping develop the next generation of technology which will power our economy and transform peoples’ lives. This latest funding boost will help companies bring their fledgling Internet of Things ideas to market and take advantage of emerging global opportunities.”
Raph Crouan, MD of Startupbootcamp IoT | Connected Devices, commented: “There are some great hardware startups and IoT technologies being created in the UK at present. Now we’re looking to really develop this ecosystem, and government support will help us to take our program to the next level.”
A diverse range of ten startups – working on IoT devices ranging from the connected home to smart manufacturing – have been selected to join Startupbootcamp’s program which begins this October. In its first year of running the program, the program provides each startup with €15,000 in cash, office space in London connected to a full fast prototyping lab, and access to a global network of IoT and hardware experts and investors. At the end of the three-month acceleration period a public Demo Day will be held, with each of the ten startups pitching in front of investors, angels and VCs.